On the heels of a recent vote from City Council to change the process of deed restriction removals and alterations, developer BRP Companies has reached a deal with the city to remove such a restriction on parcel of land in Harlem in order to build affordable housing, reports DNAinfo.
Earlier this year, the city’s Department of Citywide Administrative Services took $875,000 to lift the deed restriction that had been on the plot of land, located at 152nd Street and St. Nicholas Avenue, since 1976. BRP purchased the site for $3.1 million and though it was intended to be used by non-profit organizations only, developers plans to build 38 affordable units as well as a dance theater on the project’s ground floor.
The project is one of 10 that the Department of Housing Preservation and Development chose to receive federal funds from the Low-Income Housing Tax Credits. Once complete, the apartments will be offered to individuals with a range of income requirements, but between 40 and 60 percent of the area’s median income.
Following the Rivington House scandal, where the city lifted a deed restriction on a Lower East Side nursing home, thereby allowing developers to acquire the land and build luxury housing, local officials supported legislation that sought to require personal mayoral approval and the enactment of a new database that would document all deed restricted properties in the city along with any plans for alteration and removal.
Curbed reached out to BRP Companies for comment but did not get an immediate response.